Indian PM Modi, in a potential third term, must implement reforms to attract foreign firms and diversify from China.
Indian PM Modi, in a potential third term, must implement reforms to attract foreign firms. Despite net FDI dropping to 0.5% of GDP, India has benefited from companies diversifying from China. Key policy priorities include better coordination between states, improved workforce skills, and addressing land acquisition issues. Modi's third term may lead to a reevaluation of India's dependence on China and a shift towards Japan as a trade partner.
May 29, 2024
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